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cnbc.com
'That's a good idea': U.S. and Iran trade reparation demands as Hormuz deal hopes fade
The dueling positions Washington and Tehran staked out showed how far apart the two sides remain even as both talked of winding down regional hostilities.
cnbc.com
FIFA World Cup 'will never be as profitable' if Infantino is ousted, Trump warns amid global soccer revolt
President Gianni Infantino pushed FIFA's commercialization drive, which culminated in the largest, most profitable World Cup on record
cnbc.com
Wall Street just endorsed Jensen Huang's 'big concept' for AI. What now?
The first three-plus years of the AI buildout has been funded by record amounts of equity and debt issued by leading tech companies. Nvidia has a new idea.
cnbc.com
Hotel giant says ‘growing middle class’ boosted hotel demand despite Middle East hit
IHG reported higher first-half profit as U.S. demand accelerated and Middle East disruption weighed on travel.
theguardian.com
Oil prices rise and gold hits two-month high after Trump makes new deal demands on Iran – business live
US president demands compensation for damage incurred by US, complicating standoff with TehranBellway, one of Britain’s biggest housebuilders, has warned that the near-term outlook remains uncertain amid weaker demand and rising costs, and forecast full-year profit at the bottom end of its previous prediction.Bellway shares fell 1%, after it said it now expects underlying operating profit of £320m for the year to the end of July, compared with its previous range of £320m to £330m, and last year’s profit of £303.5m. It will publish its full-year results in October.While any beat is positive, the scale may not be enough for investors to really get excited about.We call on the government to act now to improve access to housing across all tenures, both by helping first-time buyers onto the property ladder and supporting the delivery of affordable and social housing for those who need it most. Continue reading...
cnbc.com
U.S. judge ends graft case against Indian billionaire Gautam Adani
A U.S. federal judge has approved the Department of Justice's decision to dismiss the criminal probe against Indian billionaire Gautam Adani on graft charges.
cnbc.com
Eli Lilly takes weight-loss pill battle global with first Foundayo approval outside U.S.
Lilly's Foundayo wins U.K. approval, taking its weight-loss pill battle with Novo Nordisk's Wegovy beyond the U.S. market.
bbc.co.uk
Councils to get more powers to stop vape and betting shops, PM announces
Prime Minister Andy Burnham said town centres had been "hollowed out" by decades of decline.
cnbc.com
U.S. oil tops $84 as Hormuz deal hopes dwindle and deadlock deepens
U.S. crude is back above $84 as last week's anticipation of a U.S.-Iran deal dissipates.
bbc.co.uk
Mars Bar from 1991 found - and it's 56% bigger than today's
The woman who found the chocolate bar during a house clearance compares it with today's Mars Bars.
theguardian.com
‘A horrible nightmare’: the shocking story of the eBay harassment scandal
Jaw-dropping documentary Whatever It Takes details an aggressive stalking campaign targeted towards a couple whose reporting criticized the tech companyWhen Massachusetts husband-and-wife team Ina and David Steiner launched their reporting careers covering Silicon Valley at the turn of the century, the tech beat was still cozy enough to feel personal. The startups were still emerging from garages, and the journalists covering them were often filing stories from their own kitchen tables. Ebay was still a young online auction company founded on the principle that “people are basically good.”As digital retail took off, the Steiners launched an e-zine called EcommerceBytes, catering to a growing community of small business owners who were increasingly using platforms like eBay to sell their wares. “We talked about this being an opportunity for just average people, disabled people, elderly people to make extra income,” says David of a community that has grown alongside EcommerceBytes, which now has more than 600,000 readers. “We were really excited about that.” Continue reading...
bbc.co.uk
Wall Street giants hand Nvidia $500bn to fund boom in AI projects
The money will be used to develop new data centres to house, operate, and cool miles of stacked computer chips that process AI data and actions.
cnbc.com
Treasury yields up as oil prices jump and investors await inflation data
U.S. Treasury yields edged higher Tuesday as investors await July's inflation data print amid ongoing Iran tensions.
theguardian.com
Nvidia links with Wall Street firms for $500bn AI financing deal
Apollo, BlackRock, Goldman Sachs and KKR among those working with chipmaker to fund infrastructureBusiness live – latest updatesNvidia has struck a deal with six large Wall Street firms to raise more than $500bn (£370bn) to fund the datacentres, chip factories and power stations needed to fuel the artificial intelligence boom.The Nvidia chief executive, Jensen Huang, said on X that it marked “a major milestone for Nvidia and the AI industry”, as he posted a photo of himself smiling and giving a thumbs up alongside finance bosses involved in the deal, including the head of Goldman Sachs, David Solomon. Continue reading...
cnbc.com
Hormuz Deadlock: Where oil prices could head next as prospects for an imminent deal fade
Oil traders keep clinging to hope that the Strait of Hormuz will reopen. That won't last forever.
cnbc.com
Zelenskyy warns Putin is preparing for escalation by bringing in North Korean military equipment
His comments come shortly after deadly Russian attacks on cities across Ukraine overnight.
cnbc.com
CNBC Daily Open: Trump's Strait of Hormuz claim meets crude reality
U.S. President Donald Trump has claimed that the U.S. Navy has "100%" control of the Strait of Hormuz. Markets don't think so.
bbc.co.uk
More than 10 firms pay up to $100,000 a month for fast access to Truth Social posts
Trump Media expects the controversial service, which launched this month, to provide a new revenue stream, as it posts a quarterly loss.
theguardian.com
Heathrow says need for expansion ‘clear’ as it loses title of Europe’s busiest airport
West London airport reports 7.86 million passengers in July, compared with 8.15 million for IstanbulBusiness live – latest updatesHeathrow airport has argued “the case for expansion has never been clearer” after it lost its position as Europe’s busiest airport to Istanbul.Figures published on Tuesday showed 7.86 million passengers passed through Heathrow’s four terminals in July,whereas its Turkish counterpart recorded 8.15 million passengers over the same period. Continue reading...
theguardian.com
RBA interest rates: Reserve Bank holds cash rate at 4.35% but threatens more hikes if needed
In a widely expected decision, the Reserve Bank of Australia holds interest rate after three hikes earlier this yearFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastThe Reserve Bank of Australia has held the official cash rate at 4.35% but warned higher interest rates are “quite possible” even if house prices keep falling.Tuesday’s decision to hold was predicted by economists and financial markets, after three rate rises this year hit property values across the capital cities. Continue reading...
theguardian.com
Reader Q&A: ask our reporters anything about fossil fuel profits and the climate crisis
Last week reporters Jillian Ambrose and Damian Carrington published a piece which revealed that biggest oil firms made $93bn in profits in three months amid the war in Iran and the climate crisis. They will be online at 2pm BST to discuss their story and any other questions you might have Ask a question: log in or sign up hereLast week Jillian Ambrose and Damian Carrington published a front-page story that revealed the vast scale of the profits that eight of the biggest oil firms made in three months as the Iran conflict sent energy prices soaring and the emissions-fuelled climate crisis caused deadly heatwaves.They will be online at 2pm to answer your questions about their reporting – and any others you might have about how the oil markets work – and how many of these companies have withdrawn from their commitments to a clean energy transition. Continue reading...
cnbc.com
Intel upsizes stock offering to $20 billion at $95 per share as AI demand accelerates
Technology giants have shelled out trillions to support insatiable AI demand and the infrastructure buildout.
theguardian.com
Consumer confidence at near two-year high as World Cup and UK holidaying lift summer spending
Barclays says survey shows people feel more secure in jobs and have more leeway to spend on non-essentialsBusiness live – latest updatesConsumer confidence hit its highest level in almost two years in July, according to research that indicated the closing stages of the men’s football World Cup and more people holidaying in the UK lifted summer spending.A truce in the Middle East conflict in June and the arrival of a new prime minister in No 10 also gave a lift to consumers after a long period of heightened uncertainty. Continue reading...
theguardian.com
Car hire firm told me I was a ‘no-show’ so I lost £185
I was delayed, but I had prepaid through Holiday Autos and had provided my flight number as requestedI booked a car hire at Heathrow through Holiday Autos on a visit to the UK and provided my flight number as requested.My flight was severely delayed, and when I reached the car hire desk, I was told I’d been marked down as a “no-show” and that my car had been rehired. Continue reading...
bbc.co.uk
School uniform rules must go further, charity says
A Coventry charity opens a uniform bank as the government sets limits on logoed items for pupils.
bbc.co.uk
Families under pressure to find food in summer
Parents are struggling to feed children in the school holidays, with more families using food banks.
theguardian.com
They cannot even flush their toilets: life in east London blocks where taps often run dry
Devons Road estate residents describe months-long ordeal of not being able to wash, clean or cook for much of the dayHundreds in London flats left without regular running water since last yearChristmas Day in east London. Beatrice Asante empties a bag of potatoes into her kitchen sink and turns on the tap. Nothing. She turns it off and on again. Still nothing. What now?Asante rushes out to the only shop that is open, the local Nisa convenience store. She buys several big plastic bottles of water. Enough, she thinks, to make dinner and to last until the taps start running again. Continue reading...
cnbc.com
Singapore revises its annual growth forecast sharply higher on AI-related boost
GDP growth for 2026 is now expected to come in at 4.5% to 5.5%, more than double the low end of its previous forecast of 2%-4%
cnbc.com
CNBC Daily Open: Markets caught between oil jitters and AI optimism
The world watches oil prices surge past $82 per barrel and the U.S. Strategic Petroleum Reserve dip to its lowest level since 1983.
theguardian.com
Trump’s media company, which also owns Truth Social, reports $238m loss
Company also announced a paid service for early access to president’s posts on policies to the social media siteDonald Trump’s media company – which owns the Truth Social platform favored by the US president – posted a $238m loss in the second quarter.Trump Media & Technology on Monday reported that losses in the three months through June came as the company branched into new ventures including crypto. The company’s new chief executive, Kevin McGurn, announced at a conference call about the earnings that after a yearlong effort to expand into online betting and crypto, the company would be refocusing on social media. Continue reading...
bbc.co.uk
'I started in my 20s and made £8,000': Why women are often better investors than men
Women can make higher returns but only about a quarter of UK women have investments, compared with about 40% of men.
cnbc.com
CNBC's The China Connection newsletter: 'Spider-Man' and 'The Odyssey' come courting the massive filmgoer market
More American movie stars have appeared in China this year, reflecting Hollywood's market interests amid political tensions.
cnbc.com
Trump Media posts $238 million second-quarter loss as crypto declines
TMTG said it has signed more than 10 customer agreements for Truth API, the service offering faster access to President Donald Trump's posts.
cnbc.com
OpenAI wraps $7 billion share sale ahead of potential IPO
OpenAI's tender offer has been in the works since the company closed its record-breaking $122 billion funding round in March.
cnbc.com
Trump extends limited waiver of shipping law to keep oil flowing in U.S. amid Iran war
The Jones Act waiver extension comes after the Trump administration's latest signs of a deal to reopen the Strait of Hormuz failed to materialize.
theguardian.com
Burnham to give councils more powers to block vape and betting shops
Vape shops in England and Wales to need planning permission while betting shop law change will also apply in ScotlandCouncils are to be given powers to stop betting and vape shops taking over their high streets under new plans announced by Andy Burnham.Local authorities will be able to reject new betting shops and adult gaming centres, while vape shops will be subject to planning permission under plans Downing Street said could be in place from the start of next year. Continue reading...
cnbc.com
Trump signs executive order calling for fewer childhood vaccines, falsely linking shots to autism
The order builds on the Trump administration's efforts to reshape the childhood shot schedule under HHS Secretary RFK Jr., a longtime vaccine skeptic.
theguardian.com
US judge drops criminal charges against Indian billionaire Gautam Adani
Justice department says it decided to abandon fraud and bribery case in which Adani Group has denied wrongdoingA US judge on Monday dismissed criminal charges against the Indian billionaire Gautam Adani, after the justice department said it had decided to abandon the fraud and bribery case.The Brooklyn-based district judge Nicholas Garaufis’s decision to grant federal prosecutors’ rare attempt to toss the case came after he inquired into their reasons for doing so, including by asking Adani whether anything was promised in exchange for the dropping of the case. In November 2024, before the charges were unsealed, Adani had promised to invest $10bn in the United States. Continue reading...
cnbc.com
OpenAI expands Daybreak cybersecurity initiative as AI agent threats evolve
The company introduced Daybreak in May as a way for its ecosystem partners to use its most advanced AI models to adapt to a rapidly changing threat landscape.
cnbc.com
Three reasons Goldman's co-head of global banking and markets says to stay invested
Goldman Sachs' Ashok Varadhan pointed to three reasons for his constructive outlook.
theguardian.com
The Guardian view on Meta’s smart glasses: regulators must get on the front foot | Editorial
Privacy needs defending against invasive wearable gadgets. So far, businesses are ahead of the governmentIt is not yet clear to what extent Meta’s new smart glasses will live up to the nickname of “pervert glasses” – bestowed in recognition of the obvious appeal of wearable cameras to voyeurs. The past week has seen rising criticism of the devices, which in the UK have been banned by the pub chain Wetherspoons and the theatre group ATG, as well as restaurants, schools and members’ clubs. These organisations deserve praise for standing up for privacy. By contrast, regulators appear once again to be on the back foot.There have, inevitably, already been reports of women being mistreated. Earlier this year the BBC spoke to several who had been filmed without their consent, with footage subsequently uploaded to social media. In one case, the content creator demanded a fee to remove it. In the year to March 2025, image-based sexual abuse and cyberflashing were responsible for more than half of an 11% increase in reported sexual offences in England and Wales. Normalisation of smart glasses would, clearly, make such offences easier to commit.Do you have an opinion on the issues raised in this article? If you would like to submit a response of up to 300 words by email to be considered for publication in our letters section, please click here. Continue reading...
theguardian.com
Water companies circumventing bonus rules? What did ministers expect? | Nils Pratley
Door was left open to such behaviour because the regulator for England and Wales can only use the powers it was given by parliamentThames Water’s £1m payout to finance chief is ‘unacceptable’, says government departmentAnybody who followed the supposed “clampdown” on bankers’ bonuses after the great financial crash in 2008 knew what to expect when water company bosses became a similar target for a bash in the bonus department. We would see the waterbed principle in action: when you push down in one area of remuneration, such as the performance-related stuff, another tends to go up.Back in the day, banks invented “role-based allowances” – salary top-ups – to “compensate”, as they put it, their top earners for being subject to EU caps on bonuses. No executive was seriously inconvenienced by forgoing the chance of an astronomical (but not guaranteed) bonus and getting a smaller (but still hefty) increase in fixed pay instead. Some even preferred greater certainty over what they would take home. Continue reading...
theguardian.com
Martin Rowson on the drought and Britain’s water companies – cartoon
Continue reading...
cnbc.com
Gold just had its best week in 7 months. Here’s why Mike Khouw is buying more
Gold logged its best weekly gain in seven months driven by several forces.
bbc.co.uk
Jeff Bezos and Liverpool explained
BBC Sport's Sam Harris breaks down the potential new investment of Jeff Bezos into Liverpool.
theguardian.com
From ticket booking fees to shrinkflation, six other ways Burnham could cut cost of living
The prime minister is promising to crack down on ‘rip-off’ business practicesAndy Burnham has announced he will ban fake discounts and make it easier to cancel unwanted subscriptions in an effort to improve life for UK consumers.In the long run, these so-called “everyday fixes” may not make as much difference to your wealth as increasing mandatory contributions on pensions or capping rents, but they will get rid of some day-to-day frustrations. Here are six other things he could fix while he is in the mood: Continue reading...
bbc.co.uk
Taylor Farms recalls jalapeno products after salmonella outbreak
Food producer Taylor Farms is recalling sandwiches, sauces and dips across 26 US states after a salmonella outbreak.
cnbc.com
Trump’s foreign licensing business booms to $59.5 million as Gulf developers pay
Nearly two-thirds of Trump’s foreign licensing fees came from two Gulf developers, in the UAE and Qatar, including one pursuing a $20 billion U.S. expansion.
bbc.co.uk
Thames Water gave finance boss a £1m signing-on fee
The seven-figure payment was given to Steve Buck as part of package to persuade him to join the troubled utility company.
theguardian.com
Thames Water’s £1m payout to finance chief is ‘unacceptable’, says government department
Utility firm’s payment criticised by Defra and campaign groups, with some urging Andy Burnham to nationalise itNils Pratley: Water companies circumventing bonus rules? What did ministers expect?Thames Water has paid its finance chief a £1m signing fee despite teetering on the brink of a government-handled administration – a decision the environment department labelled “unacceptable”.The utility company revealed that it made the payment last month, in a letter sent last week by Adrian Montague, its chair, to MPs on the environment, food and rural affairs select committee. Continue reading...
bbc.co.uk
Water outage forces Chessington theme park to close
Chessington says all tickets booked for Monday can be used on a future date.
theguardian.com
SpaceX plan for vast rocket launch site on Louisiana coast sparks backlash
Opponents fear Elon Musk firm’s plan to develop 18-mile strip of Pecan Island will badly damage fragile ecosystemPlans by Elon Musk’s SpaceX to build a vast rocket launch site on a stretch of Louisiana’s rapidly eroding coastline have stirred a backlash among some local opponents who fear it will badly damage the area’s fragile ecosystem.A deal for SpaceX to take control of 130,000 acres of coastal Vermilion parish is reported to be close to being finalized, allowing the company to escalate its number of launches, including of its new Starship mega rocket. SpaceX also has ambitions to deploy artificial intelligence datacenters in space, and while some experts have doubts about this, it has submitted regulatory filings to build a constellation of up to a million of them. Continue reading...
theguardian.com
‘It’s very challenging’: how the Duke of Westminster’s farm is taking on the climate crisis
Amid world pressure from heatwaves and fertiliser shortages, billionaire’s business has invested in circular farming and biomethaneThere is a distinctive smell of cow manure in the air at the Duke of Westminster’s dairy farm near Chester. It is a world away from the collection of grand West End properties controlled by the duke that form the backbone of his near £10bn fortune, a decade on from becoming Britain’s youngest billionaire.As part of his 349-year-old Grosvenor empire, Lea Manor Farm on the duke’s Eaton Estate in north-west England has fared better than most dairy farms in recent years. Continue reading...
cnbc.com
World's biggest chipmaker TSMC's sales surge 45% amid buoyant AI demand
TSMC makes chips for Big Tech customers like Nvidia and Google, so the firm's financial figures are closely watched as a sign of AI semiconductor demand.
bbc.co.uk
Consortium advances talks for stake in Liverpool
A group including Amazon founder Jeff Bezos advances its talks to buy about a 30% stake in Liverpool, BBC Sport has been told.
theguardian.com
John Lewis managing director Peter Ruis quits job after less than three years
Surprise departure comes after department store chain’s chair warned of ‘really tough trading conditions’The managing director of John Lewis has quit the job after less than three years in charge of the British department store chain, as the company faces “really tough” trading conditions.Peter Ruis will leave the business in order to “pursue new projects”, John Lewis said in a statement on Monday. Continue reading...
theguardian.com
Crew of Zuckerberg yacht did not hear radio call to assist boat, Meta says
Small skiff ran out of fuel off Alaska and was helped by cruise ship even though Meta CEO’s vessel was closerZuckerberg faces questions over why superyacht reportedly declined to help stranded boatThe crew of a yacht owned by Mark Zuckerberg did not hear a radio call for a maritime assist from a small skiff that ran out of fuel off the coast of Alaska, and by the time it did, another nearby ship had already rendered assistance, a spokesperson for the Meta CEO said.The Alaska Beacon news outlet reported that the skiff had issued a call for assistance through the US Coast Guard last week and a nearby small cruise ship, the Wilderness Legacy, towed it into nearby Farragut Bay in south-east Alaska and refueled it. Continue reading...
cnbc.com
Meta to open source its most powerful AI model as it takes swipe at OpenAI, Anthropic
Meta launched Muse Glimmer and plans to release Muse Spark 1.2 weights as Zuckerberg pushes for U.S. leadership in open AI.
bbc.co.uk
New school uniform rules won't cut costs, says mum
Michaela Wilson says she has "no idea why schools don't just sell iron-on branded badges".
theguardian.com
Millions in Great Britain could face emergency power cuts at short notice
Exclusive: Grid operator Neso can now respond with rolling blackouts as last resort without need for government powersMillions of households could face power cuts at short notice under new rules to help the electricity system operator avoid widespread blackouts when energy supplies run low.The changes, which come into effect this week, will make it easier for the national electricity system operator to call for rotating blackouts at short notice if power supplies are running short. Continue reading...
bbc.co.uk
Ban on 'subscription traps' brought forward by three months
The prime minister is embarking on a UK tour with a series of announcements aimed at easing living costs.
cnbc.com
The space boom has created a giant mess. Now startups want to clean it up
As Earth’s orbit gets more crowded, companies are betting that cleaning up space junk could become a lucrative new business.
cnbc.com
Myspace eyes comeback as an 'antidote' to social media fatigue — but it may be a long shot
"Excitement about Myspace's relaunch reflects nostalgia for a more analog time, when algorithms were less dominant in our lives," an analyst told CNBC.
theguardian.com
Hastings Direct’s failures forced my family out of our home
A leak beneath our fridge-freezer last winter caused extensive damage but there’s still no functioning kitchenEight months after reporting a leak to our home insurer, Hastings Direct, my husband and I and our two-year-old are still effectively homeless.Last winter, we discovered that an unnoticed leak beneath our fitted fridge-freezer had caused extensive damage to the floorboards of our kitchen/living room. Continue reading...
bbc.co.uk
'You could smell someone' who worked at Raleigh
The company was more than just a employer. For years, it was part of the fabric of Nottingham.
theguardian.com
UK manufacturers face rising hacking risk as survey shows 30% were hit last year
Big companies describe being under constant threat but only half have a plan in place to respond to an attackNearly a third of British manufacturers have been hit by a cyber-attack on them or a company in their supply chain, according to a survey that highlighted the growing hacking risk to companies.The findings come almost a year after Britain’s largest automotive employer, JLR, was hit by an attack that forced it to halt production for weeks. Continue reading...
bbc.co.uk
Tech leaders say AI means less work - their staff say they work up to 90 hours a week
Tech companies are not modelling their own claims of the technology giving people more free time.
cnbc.com
Trump says oil supermajors are making too much money. What will they do with it?
The windfall is fueling fresh political and environmental backlash, with Trump accusing Exxon Mobil and Chevron of making “too much money.”
theguardian.com
The Dacre dynasty: how Britain’s rightwing press was radicalised – podcast
At the Daily Mail, Paul Dacre broke new ground in selling readers an angry rightwing perspective. Today, most of Fleet Street is run by his disciplesBy Andy Beckett. Read by Simon VanceThe summer issue of the Long Read magazine is out now. Click here to orderRead the text version hereSupport the Guardian today: theguardian.com/longreadpod Continue reading...
theguardian.com
The gen Z investors – podcast
Are gen Z the most financially savvy generation of them all? With senior economics correspondent Richard Partington and influencer James BeckettJames Beckett, known as Money Stocker, is in his mid-30s and has investments worth £350,000.The social media influencer talks to Nosheen Iqbal about how he got into the world of finance and his aim to be “financially free” by 45. Continue reading...
theguardian.com
Sheep-herding robot dogs put to the test at Royal Queensland Show – video
A project by the University of the Sunshine Coast is trialling the use of robotic dogs to herd sheep, with public demonstrations at the Ekka at the Brisbane Showgrounds. Dr David Alonso-Caneiro, a senior lecturer in mechatronics, says the long-term goal is to establish whether such machines could be used as autonomous tools on farms Continue reading...
bbc.co.uk
Could your tattoo stop you from getting a job?
A quarter of the UK population – including the new prime minister – have at least one tattoo, but they still divide opinion in the workplace.
bbc.co.uk
You could be missing out on £150 off your energy bill - here's how to check
Some people need to ensure they are named on their energy bill before the deadline to qualify for help.
theguardian.com
Cut £175 from energy bills for low-income homes, says thinktank
Resolution Foundation proposes £2bn emergency scheme to help people facing higher costs this winterLabour should draw up an emergency plan to cut energy prices for low-income families by up to £175 this winter, the Resolution Foundation has said.One of Andy Burnham’s first policy announcements as prime minister was to remove VAT temporarily from electricity bills, saving households about £45 a year. Continue reading...
theguardian.com
Subscriptions you can’t easily cancel, sales that aren’t sales – I’ll end the rip-offs that British people hate | Andy Burnham
These everyday hassles are small, but they add up – especially in a cost of living crisis. That’s why my government will tackle them head-onAndy Burnham is the UK prime ministerBurnham vows crackdown on ‘rip-off’ business practices It’s remarkable how much of modern life can seem designed to wear us down. Every “sale” seems to come with an asterisk. Consumer contracts often find a way of costing more than you expected. And too many companies want you to sign up in seconds, but then make it feel impossible to leave. It’s exhausting.They might not be the issues that keep you up at night. But they’re often the reason you go to bed ticked off. Westminster has got used to telling people that these everyday hassles are just part of life. The response has too often been a shrug of the shoulders or just calling it bad luck.Andy Burnham is prime minister of the United Kingdom Continue reading...
theguardian.com
London mayor orders council to drop plan to ban new pubs and bars in Soho and West End
Exclusive: Sadiq Khan urges Westminster council to adopt ‘positive vision of economic growth’ of nightlifeSadiq Khan has ordered Westminster council to scrap a policy that would ban new pubs and bars from opening in Soho and the West End of London.This comes after the Guardian revealed the council’s new licensing policy asks pubs to stop customers from standing up while consuming beverages, which it calls “vertical drinking”. The policy is under consultation and also asks pubs to have table service rather than allowing orders at the bar. Continue reading...
theguardian.com
The Guardian view on India’s green growth gamble: it will need more than private finance | Editorial
The world’s most populous country needs state-generated demand to industrialise, decarbonise and avoid China’s overcapacity trapIndia is attempting to do something the world has never seen before. So claimed Niti Aayog, the government of India’s policy thinktank, earlier this year. It said that no major economy has tried to expand GDP nearly eightfold within a generation while simultaneously redirecting its energy and industrial systems to reach net zero within two generations. Hence its detailed report’s claim that there is “no historical precedent”.There is something to this. China industrialised at vast scale, but not on a sustainable net zero path. Korea, Japan and Europe became wealthy by industrialising before decarbonising. Today, rich nations have already satisfied the basic demands of their people and created the infrastructure and high per-capita energy use that India is still trying to build. The world’s most populous country has to do this while also reducing emissions. Continue reading...
theguardian.com
Inside a meme factory: meet one of thousands of Indonesians trading political outrage clicks for Facebook cash
Exclusive: Adira says she doesn’t know much about her target countries or even know who their leaders are. Instead she’s chasing money from Meta, which pays for engagementFrom her home in West Java, Adira* often starts the day with a Facebook post about coffee and the busy day ahead. Then she gets to work.In a Facebook group called Team Pauline Hanson, she shares a photo of the Australian senator and One Nation leader and asks its almost 26,000 members for thoughts about Hanson’s comments about Islam and Australia’s way of life. Continue reading...
theguardian.com
‘I’ve definitely lost followers’: influencers face backlash over Meta ‘pervert glasses’ content
Using ‘spy glasses’ made by Facebook owner leads to floods of negative comments, say content creators It was hardly an offensive video. Amid the buzz of the Tour de France finale, Oliver Hooson filmed himself whipping up a delicious-looking flat white for a fellow cycling enthusiast. But after posting the footage on social media, the comments that soon rolled in were a real shock. “PERV,” read one. “Out here pushing creep glasses,” said another. His mistake? Documenting the moment with Meta’s “spy glasses”.Despite being marketed as the latest must-have gadget, Meta’s smartglasses, which can record video footage while being worn, have faced a vicious backlash, particularly relating to concerns about surveillance. There are widespread fears about the glasses being used to film people, especially women, without their consent, and the resultant footage being posted on social media. This has earned them the label of “pervert glasses”, and content creators, no matter how they are used, have faced a flood of negative comments for deploying them. Continue reading...
theguardian.com
As AI guzzles water and energy, we are already facing a choice: datacentres or homes? | John Harris
Whitehall wants to triple their number in the UK. Yet in Slough, I saw the impact they’re having on communitiesAmid headlines about the UK’s drought, Europe’s wildfires and impossible global temperatures, it was 28C when I arrived in Slough last Monday. I was there to look around Slough Trading Estate, a place that might once have conjured up images of the TV comedy The Office, many of whose laughs came at the expense of this overgrown patch of suburbia, 20-odd miles west of London.But these days, this area of town – an incongruous mixture of old-school businesses such as Mr Clutch and Angling Direct, and vast, metal-clad leviathans that look like something pulled from JG Ballard – has become a byword for the constant expansion of datacentres, those hulking symbols of the vast computing power that big tech now requires, not least because of the ever-more complex workings of artificial intelligence. Continue reading...
theguardian.com
Britain is paying the price for failing to invest in its young people | Richard Partington
Alan Milburn has outlined a generation cut adrift by austerity. We must grasp the nettle and rebuild a preventive stateMost people think Britain is not working as it should. For young people, the situation is at its most acute: only one in four believe that everyone in society has a fair crack. Most think the game is rigged.It is clear why the generation who grew up during the post-2008 crash austerity years and in the shadow of the Covid pandemic are downbeat: the level of public service provision their parents enjoyed is gone, living costs are rising, the AI revolution is changing everything, and the planet is on fire. Continue reading...
theguardian.com
‘Like being in prison’: the ship crews stuck in Gulf since February
US-Iran war has stranded up to 20,000 seafarers, mostly Indian and Filipino crews, with none knowing when the nightmare will endThe panicked crew of a cargo ship broadcast a distress signal late on Monday night from their location in the strait of Hormuz. About 20 nautical miles north of the coast of Oman, the Minoan Pioneer bulk carrier was hit by an unknown projectile, causing a blackout in the engine room and a fire in the accommodation area.The crew scrambled to put out the blaze and called for help from nearby vessels. When they managed to disembark from the Greek-owned, Liberian-flagged ship on Tuesday morning, they realised the third engineer was missing. Days later, he is yet to be found. Continue reading...
theguardian.com
‘Watch The Odyssey for free online’: scam targets film fans with fake streaming sites
Those tempted to access fake websites run risk of phishing scams and having computer infected with malwareThe Odyssey is the hottest release this summer and you have been looking forward to seeing the much-acclaimed adaptation of Homer’s epic ancient Greek poem. But you have been unable to go to the cinema, so when you spot an ad to watch online, you jump at the chance.There are positive reviews posted on the site so you decide to sign up. Although it asks for your bank details – which is unusual for a “free” trial – you are so eager to watch the blockbuster you input your details. Continue reading...
bbc.co.uk
Raw images, no filters: Why MySpace fans want it back as relaunch hinted
Fans and creators say a revived MySpace must feel personal, not algorithm-driven.
bbc.co.uk
Is football AI-proof? Why tech investors wanted a slice of the World Cup
What was the thinking of the investors backing the now-canned plan, and are such proposals in the future inevitable?
cnbc.com
'Moneymaxxing' isn't a trend, it's a 'cultural shift,' financial advisor says — here's how to get started
In an affordability crunch, social media's viral "maxxing" trend could lead to long-term financial security.
theguardian.com
Google DeepMind enters a new era as co-founder Demis Hassabis shifts AI role
Observers express concern that the division has lost its independence and commercial reality has taken overWhen Sir Demis Hassabis said AI had brought the world to a “pivotal moment in human history” last month, he knew another big change was imminent.This shift was closer to home. The Nobel prize-winning head of Google DeepMind, Google’s AI unit, announced this week he was relinquishing his day-to-day duties as chief executive and becoming chair. He is also taking on the role of chief scientist at DeepMind’s parent, Alphabet. Continue reading...
theguardian.com
Can Harvey Nichols find its way back to being Absolutely Fabulous again?
Mike Ashley says it’s in a ‘death spiral’ but a refocus on design could be what the department store needsSuch was the buzz around Harvey Nichols in its 90s heyday that the department store was regularly name-checked in Absolutely Fabulous, with Edina and Patsy’s frequent retail therapy trips to the store reflecting its position at the heart of the fashion industry at the time.How times change. These days Harvey Nichols is a business in trouble, one that has not turned a profit since the pandemic. Pre-tax losses were £35.3m in 2024. The retail chain – comprising the the original store in Knightsbridge, London, plus stores in cities including Bristol, Leeds and Manchester – was put up for sale in June by its current owner, Sir Dickson Poon, with Mike Ashley’s Frasers Group and Next bidding to take control. Continue reading...
theguardian.com
Train operators to crack down on ‘donutters’ and other digital ticket cheats
South Western and GTR announce fightback after move away from paper tickets increases fare dodgingThere is more than one way to commit fraud and, for some rail travellers, it has been as simple as a couple of taps on their phone as their train approaches its destination.That telltale last-minute purchase of a digital ticket – for the shortest journey that will allow them to bleep through the gates, regardless of how far they have travelled – is one of a number of illegal wheezes that train operators are trying to eliminate, with the enthusiastic backing of the government department that will directly oversee most of England’s rail services when they are renationalised next year. Continue reading...
bbc.co.uk
How a 90-second power outage sparked chaos for rail commuters
The incident raised questions about how a disrupted power supply can have such a widespread impact.
bbc.co.uk
Goodwin considers selling part of defence business
The firm is a key supplier of components to UK and US frigate and submarine programmes.
bbc.co.uk
Surprise fall in US jobs last month as slow summer continues
Analysts had expected an uptick in the number of jobs created, but the number of roles fell by 23,000 in July.
bbc.co.uk
Trump administration to pay German firm $1.2bn to halt US wind projects
The RWE payout is the latest in a string of deals cancelling wind energy projects, a power source long derided by Trump.
bbc.co.uk
Meta fined $567m in largest child safety ruling against social media giant
The ruling is in addition to $375m in fines Meta was already ordered to pay in the case, for a total of $942m.
bbc.co.uk
What do people want from Argos?
As Sainsbury agrees to sell Argos for £120m, we ask people if they still shop there, and what the new owners can do to compete with big online retailers like Amazon.
bbc.co.uk
Trump imposes 15% tariff on key chip material to counter China
The move aims to protect US firms as they face increasing competition from China's chip industry.
bbc.co.uk
Why airlines are warning over lithium-ion batteries
The airline industry wants passengers to be careful when travelling with lithium ion batteries.
bbc.co.uk
Argos is getting a makeover - but can it attract new shoppers?
The retailer has been around for 50 years but struggled to compete with newer rivals such as Amazon. Can its new owners turn it around?
bbc.co.uk
Business Daily
Why is global trade proving so resilient despite the tariffs and trade restrictions?
bbc.co.uk
EasyJet agrees to £5.7bn takeover by US firm
The no-frills carrier agrees to be bought by US firm Apollo after a rival suitor drops out.
bbc.co.uk
First OpenAI, now Meta - why do AI hacks keep happening?
A flood of companies are revealing AI models gained access to the internet - with real consequences.
bbc.co.uk
Cashing in on SpaceX: 'Every chance I get, I'll sell a little more'
Andre Lavoie joined SpaceX in 2009 as an engineer, now he's looking to cash in his shares in the company.
bbc.co.uk
Shorts, strappy tops and sandals: What is acceptable to wear to work?
Here's how to style for success while keeping your cool - and where you and your boss stand on your wardrobe.
bbc.co.uk
Iran says deal with Oman on Strait of Hormuz is in final stages
Neither the US or Oman have commented on the proposed agreement on the vital waterway.
bbc.co.uk
What happened to the internet?
Faced with a barrage of ads, misinformation, AI slop, toxicity and doom-scrolling, it can feel like the internet is kind of... broken. Is it? And what are the alternatives?
bbc.co.uk
How tech is helping in the battle against wildfires
Tech is being used to watch for wildfires but firefighters are still needed to put them out.
bbc.co.uk
The cost of being single – and how friends are teaming up to beat it
Many singles face extra costs for housing, bills, food and holidays but there are ways to ease the burden.
bbc.co.uk
'I feel like I dug my own grave': The workers caught in the AI transition
AI is reshaping the Philippines' outsourcing industry, raising questions over the future of the industry.
cnbc.com
Michael Burry bets against rally: 'We are near a major top, and possible a 1987-type fall'
"I continue to believe it is possible we are near a major top, and possible a 1987-type fall," Burry said in a Tuesday Substack post.
bbc.co.uk
How the dry weather affects your supermarket shop
Tomos Morgan visits farm in Vale of Glamorgan to explain how the hot and dry spell affects crops.
bbc.co.uk
Zinc dresses and ice creams - how to survive a heatwave wedding
The wedding industry is facing last-minute costs to cope with the heat and October bookings are up.
bbc.co.uk
India wants to join the strawberry superpowers
Indian strawberry farmers rely on varieties imported from the US and Europe, but that could change.
bbc.co.uk
The Chinese robot army transforming the UK's retail industry
Britain's weak productivity growth and labour shortages are creating an opportunity for China's robotics firms.
bbc.co.uk
How cow showers and fans help farmers keep cattle cool
Dairy farmers are using cow showers and fans to protect cattle as hotter summers hit milk production.
bbc.co.uk
Is it time to stop using glue and labels on paper?
Labels and adhesives can prevent paper from being recycled but there's new tech aimed at changing that.
bbc.co.uk
Why the UK is dithering over what to do about e-scooters
Why is it taking so long for the government to regulate them, and what are the consequences of delay?
bbc.co.uk
The 20-somethings betting big on tech stocks
The BBC hears from people about the risks and rewards of investing in technology shares.
bbc.co.uk
This farmer wanted to quit the cocaine industry - he couldn't
Colombians who grow cocaine's raw material bemoan a lack of support to help them switch crops.
bbc.co.uk
Is tracking your food purchases good for your health?
Food tracking apps are popular, but are they a good way to make us eat a healthier diet?
theguardian.com
AI and artists can click – a new manifesto for modern creativity
The UK is both an epicentre of global creative industries and a budding AI powerhouse. Here’s how it can balance support for creatives while also embracing technological changesWhat does it mean to be a creator in today’s modern world when artificial intelligence is reshaping relationships between humans and technology?That’s one critical question the UK creative industry has been asking itself as AI rips up traditional conventions on copyright, ownership, effort, and originality. Continue reading...
bbc.co.uk
Why Gen Z are planning for life without a state pension
Many younger people do not believe the state pension will exist when they are older
bbc.co.uk
The furious dispute over what caused Air India flight 171 to crash
The final conclusions of the investigation have yet to be published, although more could become apparent in the coming days.
bbc.co.uk
How the High Street became a window on our political instability
High Streets have declined in recent years. What does this tell us about the UK?
bbc.co.uk
The £5 coffee that tells a story of global economic turmoil
Coffees at some city centre outlets now cost £5. It's a story of tariffs, the climate, Gen Z cultural tastes, and savvy coffee farmers playing the market, writes Faisal Islam
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